Anti-money laundering - practical tips for managing AML risks (Compliance Officers conference 2020) скачать в хорошем качестве

Anti-money laundering - practical tips for managing AML risks (Compliance Officers conference 2020)

Learn what law firms need to do to help keep the proceeds of crime out of legal services. With a focus on practical examples from the everyday issues law firms face, this session will offer support to make sure you are doing the right things to keep your firm and the public safe. You will also hear about the types of issues - and good practice - the SRA has seen from its recent round of visits to review AML practice within law firms. Poll 1 - Your client is purchasing a residential property. They advise that the funds for the purchase are coming from savings they have accrued via their salary. What steps, if any, would you take in regards to the source of the funds? A. Accept the client’s explanation of where the funds are coming from 0.8% B. Request bank statements to show funds exists 10.2% C. Collect bank statements and any further information necessary to also satisfy on client’s wealth 87.3% D. None of the above 1.7% Poll 2 - Your client is purchasing a residential property. They advise that the funds are coming from savings they have accrued via their salary. On obtaining bank statements you see a large payment from a third party. You ask the client about this and they advise it is a gift from their parents. What further checks, if any, do you do? A. Speak with the parents and accept their explanation of the source of funds 1.4% B. Accept the parents explanation and obtain ID and verification 6.2% C. Speak with the parents, obtain ID and verification, and bank statements confirming the origin of the funds 82% D. Speak with the parents and obtain bank statements confirming the funds 10% E. None of the above 0.5%